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Bryn Mawr businessman gets jail for mail fraud
A businessman from Bryn Mawr has been sent to federal prison for 61/2 years for mail fraud.
Jay Berger, 56, allegedly stole more than $4.6 million through a mortgage-fraud scheme in which he would keep money loaned for mortgage refinancings without paying off the borrowers' existing mortgages, according to court records. He pleaded guilty to a single count in October and was ordered Monday by U.S. District Judge Michael M. Baylson to go immediately to prison.
- Derrick Nunnally